Ben borrowed 25,000 to purchase a motorcycle. The loan was for two years at a annual interest rate of 4%. What’s the maturity value

asked Feb 4, 2024 192k views

2 votes

by Aphoe

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4 votes

Answer:

1,000 was the interest charge which leaves you with 24000 as the regular vaule

Explanation:

Gabor Marton answered Feb 9, 2024

7.1k points

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